Universal Display (NASDAQ:OLED) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other analysts have also weighed in on OLED. Susquehanna Bancshares reiterated a “positive” rating and set a $150.00 target price (up previously from $120.00) on shares of Universal Display in a research note on Wednesday, August 9th. Goldman Sachs Group reiterated a “buy” rating and set a $150.00 target price (up previously from $140.00) on shares of Universal Display in a research note on Wednesday, August 9th. Oppenheimer reiterated a “market perform” rating on shares of Universal Display in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Universal Display from a “hold” rating to a “strong-buy” rating and set a $136.00 target price for the company in a research note on Thursday, August 10th. Finally, Deutsche Bank began coverage on shares of Universal Display in a research note on Wednesday, August 30th. They set a “buy” rating and a $135.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $155.30.

Universal Display (NASDAQ OLED) traded up $5.35 during mid-day trading on Wednesday, reaching $172.70. 1,942,619 shares of the company’s stock traded hands, compared to its average volume of 960,116. Universal Display has a 12-month low of $55.30 and a 12-month high of $192.75. The company has a market capitalization of $8,123.98, a price-to-earnings ratio of 84.66 and a beta of 1.06.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.19. Universal Display had a net margin of 32.92% and a return on equity of 16.67%. The firm had revenue of $61.70 million during the quarter, compared to analyst estimates of $47.35 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 104.3% compared to the same quarter last year. equities analysts predict that Universal Display will post 2.33 EPS for the current year.

In other news, insider Julia J. Brown sold 10,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the insider now owns 152,932 shares of the company’s stock, valued at $22,939,800. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sidney D. Rosenblatt sold 50,240 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $135.02, for a total transaction of $6,783,404.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,974 shares of company stock valued at $30,133,174. Corporate insiders own 5.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of OLED. Schroder Investment Management Group acquired a new stake in Universal Display in the second quarter worth about $25,450,000. Newbrook Capital Advisors LP lifted its holdings in Universal Display by 49.4% in the second quarter. Newbrook Capital Advisors LP now owns 558,174 shares of the semiconductor company’s stock worth $60,981,000 after purchasing an additional 184,683 shares during the period. Columbus Circle Investors lifted its holdings in Universal Display by 24.1% in the third quarter. Columbus Circle Investors now owns 843,537 shares of the semiconductor company’s stock worth $108,690,000 after purchasing an additional 163,569 shares during the period. Neuberger Berman Group LLC lifted its holdings in Universal Display by 17.8% in the third quarter. Neuberger Berman Group LLC now owns 714,223 shares of the semiconductor company’s stock worth $92,028,000 after purchasing an additional 107,751 shares during the period. Finally, Scout Investments Inc. acquired a new stake in Universal Display in the third quarter worth about $12,515,000. 65.03% of the stock is owned by institutional investors and hedge funds.

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Universal Display Company Profile

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

Analyst Recommendations for Universal Display (NASDAQ:OLED)

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